Investor Presentaiton
GIBSON ENERGY INVESTOR PRESENTATION
Financial Position and Maturity Profile
Leverage & Payout below target, significant available liquidity and no near-term maturities
Leverage & Payout Ratios(1)
Net Debt to Adj. EBITDA (x)
5.0x
Leverage
Infrastructure-only Leverage
$1,000
Targeting long-term
Infrastructure-only Leverage of <4.0x
Maturity Profile(3)
(C$mm)
Senior $1B Sustainability
Linked Credit Facility
($250mm Drawn)
4.0x
3.0x
Targeting long-term leverage of 3.0x - 3.5x
3.1x at Q3 2023
$800
PF LTM
[as reported 4.0x]
2.0x
$600
2018A
2019A
2020A
2021A
2022A
2022 PF
2023E PF (2)
Payout (%)
Payout
Infrastructure-only Payout
Senior
Unsecured
$400
Targeting long-term
Infrastructure-only Payout of <100%
Senior
Unsecured
2.45%
Notes
Senior
5.80% Unsecured
Notes
2.85%
Notes
120%
110%
100%
90%
Targeting long-term payout of 70% - 80%
80%
70%
60%
50%
40%
2018A
2019A
2020A
2021A
2022A
$200
Senior
Unsecured
3.60% Notes
Senior
Unsecured
5.75% Notes
5.25%
Hybrid
Senior
Unsecured
Notes
8.7%
6.20% Notes
Hybrid
Notes
61% at Q3
2023
$0
(2)
2022 PF
2023E PF
2025E 2026E 2027E 2028E 2029E
2033E
2053E
2080E
2083E
-
(1) Net Debt, Adj. EBITDA, infrastructure-only Leverage ratio and infrastructure-only Payout ratio do not have standardized meaning under GAAP; see "Specified Financial Measures" slide.
(2) See "Forward-Looking Statement Notice" slide and "Presentation of Pro Forma Information" on the "Specified Financial Measures" slide.
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(3) Floating rate revolving credit facility; drawn balance as at September 30, 2023. Bilateral facilities not included in revolving credit facility amounts.View entire presentation